The Commonwealth Financing Authority today (September 17) awarded a $448,953 grant for the construction of a cultural life and arts center in downtown Beaver Falls, according to Senator Elder Vogel.
Mycelia Development LLC will apply the High Performance Building Program grant toward the construction of a three-story, 16,670 square-foot building that will include a ceramic studio, handmade market, café, art gallery, community room, theatre and event space. The project is anticipated to create 32 new jobs.
The grant represents 10 percent of the anticipated total project cost of $4,489,530. Mycelia will provide $2,740,577 and the state will provide a $1.3 million Redevelopment Assistance Capital Program Grant for the project.
“This is a dynamic project that will certainly benefit Beaver Falls and our area,” Senator Vogel said. “The arts play an important role in the quality of life of our communities and this building will provide a great central location for these efforts.”
The CFA was established as an independent agency of the Commonwealth to administer Pennsylvania’s economic stimulus packages. The CFA holds fiduciary responsibility over the funding of programs and investments in Pennsylvania’s economic growth.
CONTACT: Josh Konecheck (724) 774-0444 firstname.lastname@example.org